Day: April 3, 2024

CM Sindh, WB Country Chief discusses progress of $3.2bn 13 projectsBuilding Jam Sadiq bridge for Yellow Line BRT to sped up

Admin
CM-Sindh

KARACHI (April 3): The Chief Minister of Sindh, Syed Murad Ali Shah, met with a team from the World Bank, led by Country Director Mr. Najy Benhassine and discussed the progress of 13 active projects worth $3.2 billion that are being assisted by the World Bank.So far, 40 per cent or $1.33 billion has been disbursed and they agreed to speed up the work on these projects by removing bottlenecks to ensure their timely completion.The meeting was attended by provincial ministers- Dr Azra Pechuho, Nasir Shah, Saeed Ghani, Mohammad Bux…

Read More

Qatar Prepares To Dominate The LNG Export Market

Admin
Pakistan-LNG

Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market.   Last year, the United States overtook Qatar as the world’s largest LNG exporter, but Qatar has a huge expansion program underway to boost its export capacity by 85% from current levels by 2030. As the U.S. paused permit approvals for new LNG export projects earlier this year, adding uncertainty about the outlook for U.S. supply from…

Read More

PRL to Boost Refining Capacity with Supplemental OGRA Agreement

Admin
PRL-Ogra

In Karachi, Pakistan Refinery Limited (PRL) has announced its intention to sign a supplemental agreement with the Oil and Gas Regulatory Authority (OGRA) soon. This agreement marks a significant step towards transformative upgrades and expansions within the company, aimed at doubling its refining capacity from 50,000 barrels per day (bpd) to 100,000 bpd. The agreement will also enable PRL to produce EURO V standard fuel, saving the company substantial amounts annually in penalties for non-compliance with environmental regulations. This move follows a previous deal with the regulator to access incentives…

Read More

Chinese Firm Resumes Work on Diamer Bhasha Dam, Dasu Dam Work to Follow

Admin
Dasu-Dam

In Peshawar, following the resumption of work on Tarbela Dam, a Chinese company has now recommenced operations on the Diamer Bhasha Dam. However, work on the Dasu Dam remains suspended for the time being, with sources indicating that it will resume in the coming days. Nazakat Hussain, the General Manager of Diamer-Bhasha Dam (DBD), confirmed the Chinese company’s return to work on the dam. Approximately 350 Chinese nationals have joined over 6,000 local staff already working on the project. The Chinese company had previously halted work after a tragic incident…

Read More

Global wind power production is “very predictable”, finds Eoltech study

Admin
Wind-Power

Eoltech, a leading wind and solar resource assessment consultancy, released today the findings of a new study that aimed at assessing the variations of the global wind resource over the last 15 years. The data show that worldwide wind power production is very predictable, with annual variations remaining within a ± 3 % range. These results are based on irec index, the wind energy index covering 80% of the world’s onshore wind farms installed as of 2023. The study combines the irec wind energy indexes that Eoltech releases each month…

Read More